InvestSMART

Sportshero Limited (ASX:SHO)

ALERT: Price-sensitive ASX Announcement for SHO
Current share price for SHO : $0.036 -0.003 (-7.69%)+
Announcement
Release
31 Oct 2025 9:51AM
Price at Release
$0.039
Full Release
download
Summary
SportsHero Limited's quarterly activities and cash flow report for the quarter ending 30 September 2025 outlines various financial and operational developments. The company reported cash at bank totaling $700k and an undrawn debt facility capacity of $950k at the end of the quarter. Operating cash flows showed a net outflow of $600k due to staff costs, product development, marketing, and other corporate expenses. The company raised $1.65 million through equity issues and options, partially used to pay down existing debt and fund working capital. SportsHero expanded its mobile gaming catalogue in Southeast Asia through agreements with V-Hunt Digital Media and Yes2Games, enhancing its market offering. Additionally, the company's gaming product went live in the Philippines via PLDT Home, with expectations of significant cash flow impacts in the December quarter.
Key Points
  • Cash at bank as of 30 September 2025 was $700k.
  • Undrawn debt facility capacity was $950k.
  • Net cash used in operating activities was $600k.
  • Received $1.65m from equity issues and options.
  • Expanded gaming catalogue with agreements with V-Hunt and Yes2Games.
  • Gaming product launched in the Philippines via PLDT Home.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.